US Fed cuts key rate a quarter point and signals fewer cuts ahead
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WASHINGTON The U.S. Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as uncertainty grows over inflation and President-elect Donald Trump 's economic plans. Policymakers voted 11 to 1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. This is the final planned interest rate decision before outgoing Democratic President Joe Biden makes way for Republican Donald Trump,
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